Red-plated off-peak cars lose shine with pricey COEs
Fewer weekend cars registered as cost of ownership rises: Experts
Published on Jul 29, 2014 7:25 AM
The population of red-plated off-peak cars has fallen by nearly a fifth in the last four years as the increased costs of owning a car have made them less of a draw.
Land Transport Authority (LTA) figures showed that there were 40,438 off-peak cars as at June this year, from 50,040 in December 2010.
Only 61 new off-peak cars were registered in the first six months of this year, down from 81 in the same period last year and 304 in 2012.
Experts said the scheme, which offers rebates but restricts cars from the road between 7am and 7pm on weekdays, has to be revised to be attractive.
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